Northern Colorado enjoys healthy market performances

The population of Northern Colorado (Larimer and Weld counties) is projected by the state of Colorado to grow by 45 percent (approximately 275,000 people) to approximately 900,000 people between now and 2030, making this one of

CREJ

December 4, 2017

Springs achieves highest rent growth in area

These are rare circumstances we’re experiencing in Colorado Springs – accelerating job growth, 7 percent apartment rent growth, 4 percent market vacancy and restrained apartment development. Colorado

CREJ

November 27, 2017
Archer Tower

Airbnb: The $31 billion gorilla in the room

Revenue generated by the sharing economy totaled $15 billion in 2014, a figure expected to grow to $335 billion by 2025, propelled by exponential growth of Uber and that $31 billion gorilla in the room – Airbnb.

CREJ

November 13, 2017
Comp of the Day handshake image

Westminster REO shopping center snagged for $42.76 per square foot

Jefferson County Property Location: 6735- 6795 W. 88th Ave., Westminster Property Description: 99,397-sf retail building, YOC 1989, masonry construction, renovated in 2004 Land Size: 8.448 acres Sales Price: $4.25M, or $42.76 psf Reception No.: 2017101132 Closing Date: 9/30 Grantor: 6755 West 88th Avenue Holding LLC, Alex Killick, SVP for CW Capital Asset Management, by: Wells…

John Winslow

November 6, 2017
Comp of the Day handshake image

Century Communities pays $7.5 million for Thornton lots

Adams County Property Location: SWC E. 120th Avenue & Quebec Property Description: Vacant land including 276 residential platted lots, 12.91 acres on the SWC of E. 120th Ave. & S. Quebec & 30.26 acres of open space Land Size: 98.59 acres Sales Price: $7.5M, or $1.75 psf, or allocation of $15,272 per lot Reception No.:…

John Winslow

October 31, 2017
Comp of the Day handshake image

Brighton Chase bank building sells to tenant for $933.49 psf

Adams County Property Location: 411 Bromley Lane, Brighton, “Chase Bank” Property Description: 4,285-sf freestanding bank building, YOC 2012, masonry Land Size: 31,462 sf Sales Price: $4M, or $933.49 psf Reception No.: 87888 (2017) Closing Date: 10/5 Grantor: 4th & Bromley LLC, Brad A. McNealy, mgr., 303-571-4650 Grantee: JPMorgan Chase Bank, Heather Beattie, contact, 303-244-3038 Comments:…

John Winslow

October 24, 2017
Comp of the Day handshake image

Albrook Partners acquires industrial building through 1031 exchange

Arapahoe County Property Location: 12876 E. Adams Aircraft Circle, Englewood Property Description: 50,000-sf, two-story industrial/office building, YOC 2000, (including 23,600 sf office space, 64’x24’ hangar door, four drive-in doors, 24’ clear, concrete tilt-up) Land Size: 3.09 acres Sales Price: $3.2M, or $64 psf Reception No.: 2017102479 D7114421 Closing Date: 10/4 Grantor: Wells Fargo Bank Trustee,…

John Winslow

October 23, 2017
Market

S’Park lights up with construction of office, multifamily buildings

S’Park is beginning to take shape at Boulder Junction with the approximately $100 million development of two key parcels. The development team led by Element Properties, The John Buck Co. and Kinship Capital kicked off construction of Market, a 50,000-square-foot, four-story office building where Upslope Brewing Co. will have a first-floor brewpub, and Timber, a…

Jill Jamieson-Nichols

October 23, 2017
Eastpark 70 Building 2

Eastpark 70 gears up to deliver 245,847-sf speculative building

Eastpark 70 is adding to its inventory of Class A industrial product with a 245,847-square-foot speculative building. Construction comes amidst brisk tenant demand for spaces in the 100,000- to 300,000-sf range, according to CBRE First Vice President Todd Witty. “That’s where we see a lot of these larger, national credit tenants,” he said. Buildings in…

Jill Jamieson-Nichols

October 16, 2017
Comp of the Day handshake image

Northglenn shopping center sells to Connecticut investor for $48 million

Adams County Property Location: 10410-10450 Melody Drive, Northglenn, “Northglenn Marketplace” (Northwest corner of Interstate 25 & Melody Drive) Property Description: 439,063-sf shopping center, YOC 1999 & 2005 Land Size: 71.6 acres Sales Price: $48M, or $109.32 per sf Closing Date: 9/15 Grantor: HQ8 – 10410-10450 Melody Lane LLC by: LNR Partners, Steve Ferreira Grantee: MP…

John Winslow

October 13, 2017